Phil Gordon on Budget & Economy

Responsible budgeting sets city up for future

Phoenix finished fiscal year 2010-11 with revenues right on target, expenses under budget and an AAA credit rating, the highest credit rating of the six largest cities in the US.

Despite one of the worst economic meltdowns in the history of the US,
Phoenix maintained the highest possible bond rating, which has saved taxpayers millions of dollars in interest expenses. Because of careful planning & strong financial management, we are now positioned to lead this great city into the future.